Topic: [ANN] LiteDoge - such Community coin | no premine | very fast | much profit - page 69. (Read 125384 times)

Thanks Heathkid, I really like the looks of this block reward strategy as well. Has my vote!

Works.

I also agree that the proposed gradual block reward decrease is a well thought out plan. It will probably be accepted by the vast majority of the community as the best solution to the issues facing LiteDoge.

This also gets my vote, and I know a lot of thought has gone into this from various people

Good job guys, lets get this coin rocking 

I agree to this

It's true that reward is too high but on the other hand it is something anyone would consider if he wants to invest in this coin. By gradually lowering the stake reward we can help increasing value a bit.

Proposed New Block Reward Structure

As a community, we need to address the current block reward structure.  Currently, there are approximately 40,500,000 new coins minted every day with the reward set at 30,000 per block.  This was put into effect starting at block 51,000 to help those that lost coins due to problems with the original wallet. 

However, we now face another issue... and that is the value of our coin.  A lot of people (not all) sold off large quantities of coins and dropped the value of our coin hurting the efforts we make now as we try to move forward.  By decreasing the supply of coins, the value will naturally go up.  But we shouldn't do this too quickly as that may turn away new investors to the coin.  By gradually lowering the block reward over time, it also gives those who sold off a chance to buy back in and recover some losses.

A group of us have spent considerable time discussing the best way to proceed.  We have come up with a proposed new block reward structure as follows:

Block       Reward
 51000 to 144999: 30000
145000 to 189999: 28000
190000 to 234999: 26000
235000 to 279999: 24000
280000 to 324999: 22000
325000 to 369999: 20000
370000 to 414999: 18000
415000 to 459999: 16000
460000 to 504999: 14000
505000 to 549999: 12000
550000 to 594999: 10000
595000 to 639999:  8000
640000   +:      6000

This will take approximately one year to reach the minimum block reward of 6,000 coins. 

Changing the block rewards will require a mandatory wallet update, so we would like to implement changes at the same time the new wallet with the GUI update is rolled out.

As always, any and all feedback is welcome.

Thank you.
- heathkid

I have just made a post on litedoge.org/forum and what like some input please

That looks perfect! Can't wait!

 

Windows wallet with GUI changes is in development and coming soon.  Here's a sneak peek of a working wallet:



Any and all feedback is welcome, as this is a community project now.

-ctgiant

@heavensopen please hang out in the IRC channel.  There is a lot going on and we'll need to be able to reach you quickly at times.  Thank you!

- heathkid (IRC)

very clear answer

Thank you my friend

500,000 to 1,000,000 is a good number.  Once it splits it's way down to less than 50,000 per block, recombine to recommended size again.  Hopefully once the wallet code is cleaned up and some bugs are fixed, the community devs can get automatic splitting and recombining to optimal block sizes implemented in the wallet so that we do not have to worry about this.

what is the best block size for better staking??

So much posts and for what? I'm not update my wallet since last hardfork(that was doing by aquitas,not MinerFTW-he post that by yourself in old thread) and not use any .conf files. And all that time it's worked fine and stake well without any problems and continue do that now.And my wallet not needed nodes what was getting and after closed. In real price go up when aquitas post info about his masternodes plan,because it's really good idea. And fall when MinerFTW with his newbie accounts start to posted negative about that. You see all now a result of his "hard work". Many ppl lost money in result of Miner fud. What he really do here or may be in his own shitcoin( "Sooncoin" )? Starting to blame about problems,that m.b. would be with darksend function,when all is work fine in reall. Getting like example a XPY - Ponzischeme coin,where main problem was a hidden coins,that was not be destroyed,not a darksend mode. It's a all was posts by MinerFTW,include that he not a windows warrior,he not know PoS. PoS coins not needed mobile and online wallets,it's also his opinion. And not one post with his own point of view about roadmap in that case. Aquistas not close his main nodes by that time since start,that's why my wallet is worked without issues,so even he not do anything what can be sync out a d57heinz wallet. You are (miner ) looks like a bitsta and company in the past. But in real bitsta at first added anything really new functions in wallets by himself to get a respect. What you do? Dumped the price by your fud,further maincoin(make a site here) and bitrev(guy who are really do any pr work for LDOGE) go out,because you are start to throlling them,when they are ask you a simple questions? Excellent.
Always ppl who doing anything have any issues,it's normal. And all that problems fixing if ppl who do that see a respect from others who are interested in innovations and normal development. Aquitas start that coin he is a dev,who are not post much more in thread but show a results of his work(really good results and nice ideas). He have only one problem,lol,not ignore ppl like Miner and his accs. Many really good ppl simple go out with silence from here by your actions Miner.Its a fact and ppl see that.You can ignore that post or start to play your lovely game with fudding same posts by your army of newbie accounts. It's not really important for me and ppl who are can thinking,you already show all your skills.
AquitasJ,mate,stop to be sad,and plz continue your work on LDOGE,I know you have not so much coins since start to have any interests in pumping and dumping it. Many ppl not understand really what happened and why you are quit.Most of them not using IRC,but see the situation.You are the dev here. You are make a hardfork and fixed a problem with fork chain. And you are continue show a results of your work to community. Look in old thread,no one negative post from community side about your idea about masternodes,when you announce your plan.Think about that.
Best Regards,
Mellon

I am actually having another weird problem for the last couple of days: I get too many orphans and can't figure out why.

A few other things that may help assess or fix your issue:
1. Make sure that you have the correct wallet version, which currently would be 1.0.0.1-g32a928e for Windows or v1.0.0.2-g32a928e for Mac
2. How many coins do you have? The more coins you have the better your stake weight
3.Do you know what size blocks they are in (this can be controlled and viewed by using coin control)?  They should be in blocks of 50000 or more to stake well.
4. If you do not have a conf file, then create one.  It may not be necessary, but it helps quite a bit.
5. For the conf file, you can replace addnode=183.91.4.3 with addnode=37.187.99.136 from heavensopen's conf example above and that may help as well.  the 183.91.4.3 IP is no longer up as it was being run by the original dev.

Good luck and let us know if that helped, and if it did not work for you then let us know and we will be happy to try something else.  Also, if you would like more immediate assistance, there is normally at least 1 or 2 people in the IRC channel #litedoge on freenode that can help.

I sync pretty fast using this conf:
addnode=93.157.4.11
addnode=91.121.6.19
addnode=183.91.4.3
listen=1
daemon=1

My wallet wont sync, and the one time it got to syncing the coins did not stake.
What am I doing wrong here?
Any ideas?

Did you check them against the block explorers to make sure that they were correct?

You should not have forked, but with that many stakes I would be concerned as well.  If you are on the correct chain, then you got very lucky today and congrats.  If you are not then I am sure that people here or on IRC would be able to assist you in fixing whatever issue you are having.

Just seems strange.

I only had about 1.2 million, maybe. All of a sudden I have about 50 stakes today and they are confirming.